14-Year-Old High School Freshman Makes Thousands Trading Options Part-Time

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San Francisco, CA, February 23, 2010 — Valerie Zhang, a 14-year-old freshman at Bay School of San Francisco, has been making thousands of dollars a month in between doing homework and hanging out with friends. She started in August 2009 with $25,000 lent to her by an uncle. So far, she has generated a profit of $6,365.

According to her father Thomas Zhang, “She has been up three months in a row generating 12.5%, 14.57%, and 15.25% with margin requirement of $15,000 each month, using only 60% of her $25,000. She uses 25% of her profit for her pocket money and 75% for cash reserve to pay back her uncle.”

Her father got her started after he subscribed to a service called OptionGenius.com earlier in 2009. The service offers free option trading lessons and an option trading advisory which focuses on selling options.

Valerie’s favorite trade is the Iron Condor on the Russell 2000 and S&P 500 indexes. She regularly follows the trade ideas given by OptionGenius.com with some variations.

The Iron Condor is a conservative trade that has an 80% statistical probability of profit while generating over 10% return. The trade does not require any day trading and can be done part-time. In fact, most days, no action is needed. The trade makes money best when the market is stable, but it also makes money when the market is up or down.

While most traders look to hit homeruns and double their money easily, the Iron Condor is an income generation strategy. By selling equity options, the trader generates monthly returns in the 5-15% range. Options are decaying assets which lose value each day as they approach their expiration date. By strategically entering the trade, a trader can have an 80% probability of making money while earning double digit monthly returns. It takes about 15 minutes to enter a trade and a cursory glance at the markets each day to see how the trade is doing.

“The Condor has been called the Lazy Man’s Trade for a while because you just enter the trade and wait for the options to expire or lose most of their value, which normally takes 30 days or so. Occasionally you need to adjust the trade, which takes only 10 minutes or so. Now I guess we can start calling it the After Homework Trade,” jokes Allen Sama, chief trader at OptionGenius.com.

“I am very proud of Valerie. If she keeps learning and trading, she and her parents will not have to worry about college costs. Not only that, she will also be able to work in any field she chooses regardless of pay, because she will be able to earn a solid income from trading.”

To learn more about the Iron Condor and to get the same free lessons that Valerie started with, visit http://www.OptionGenius.com/IronCondor.html. No purchase is necessary.

About Option Genius LLC

Located in Sugar Land, TX, Option Genius LLC aims to help individual investors earn above average returns by using conservative option trading strategies and proper money management.